Suppose the following transactions take place: (1) A U.S. book publisher sells $20,000 of books to a Chinese firm. The firm pays for the books by using its Chinese-based credit card company.; (2) Vlad, a Russian citizen working in New York, earned $6,000 last year working at a factory owned by a U.S .company, and (3) BNP Paribas (a French bank) has just purchased 20% of outstanding stock in First Commercial Bank (U.S.) for $200,000 million from Warren Buffet (a U.S. citizen). Buffet takes the check and puts it in his U.S. bank account. Assuming we started with a trade deficit of zero. What will these transactions do to our trade deficit?

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The Answer of Suppose the following transactions take place: (1) A U.S. book publisher sells $20,000 of books to a Chinese firm. The firm pays for the books by using its Chinese-based credit card company.; (2) Vlad, a Russian citizen working in New York, earned $6,000 last year working at a factory owned by a U.S .company, and (3) BNP Paribas (a French bank) has just purchased 20% of outstanding stock in First Commercial Bank (U.S.) for $200,000 million from Warren Buffet (a U.S. citizen). Buffet takes the check and puts it in his U.S. bank account. Assuming we started with a trade deficit of zero. What will these transactions do to our trade deficit?

Suppose the Following Transactions Take Place: (1) a U